House prices could take years to recover according to Bloomberg survey

A survey from Bloomberg has suggested that property prices in the UK could take a number of years to recover back to the level that they were at back in 2007, before the credit crunch hit. Since around October of 2007 house prices have plunged in the UK, although the last few months have seen some nominal increases in property values. Read more

Tags: house prices, economics, Bloomberg, Real estate, housing market